0 money that is valuable and can be exchanged easily because it comes from a powerful country --
1 a currency that can easily be exchanged for others and that is accepted for international payments, because it is unlikely to go down in value: --
However, much of this consists of goods in transit for further export, and in many cases they go to hard currency areas.
Therefore, we do it because it gives us a very substantial dollar or hard currency profit.
We cannot remain entirely dependent on hard currency sources.
Was are now spending something like £125,000,000 on food from the hard currency countries.
The second is to substitute soft for hard currency purchases.
As expected, the results from this analysis are somewhat weaker than for the hard currency index, although the signs on the theoretical variables are correctly predicted and statistically significant.
Over the past decade there has been a surge in the political enthusiasm for independent central banks and for 'hard currency' regimes as solutions to macro-economic problems.
By legalising dollars the government hoped to undercut the burgeoning black market, encourage an expansion in the flow of remittances, and capture some of this much-needed hard currency.
